Economic Empowerment Soars in Nkangala District with Major Events Promoting Financial Literacy and Business Development


Mpumalanga, 28 May 2024 – The Nkangala District in Mpumalanga has taken significant strides towards economic empowerment and development through two landmark events that have equipped local entrepreneurs with vital financial skills and resources. The Financial Literacy training with Nedbank on 20 May and the Informal and Micro Business Enterprise Development Program (IMEDP) handover, in partnership with the Department of Small Business Development (DSBD), on 22 May, marked a new era of growth and opportunity for the region.


The Financial Literacy training, a powerful initiative by Nedbank and the Informal Economy Development Forum (IEDF), provided 185 entrepreneurs with crucial financial management skills. This training is set to transform their business operations and enhance their ability to secure funding, manage cash flow, and achieve long-term sustainability. Gert Adams from Nedbank graced the event, underscoring Nedbank’s commitment to grassroots economic development. Mabutho Khumalo, the keynote speaker, delivered an inspiring address on the importance of financial acumen in business success.


On 22 May, the IMEDP handover event showcased the collaborative efforts of IEDF, Steve Tshwete Local Municipality, DSBD, the Small Enterprise Development Agency (SEDA), and the Small Enterprise Finance Agency (SEFA). This event was a testament to the unified vision of these organizations to uplift informal and micro enterprises. The presence of high-profile dignitaries such as the Deputy Minister of DSBD, Ms. Dipuo Peters, and the Deputy Minister of Veterans, Mr. Thabang Makwetla, highlighted the government’s dedication to fostering a thriving business ecosystem in Mpumalanga.


John Silas, Director of Strategic Planning at Steve Tshwete Local Municipality, Ms. Dipuo Peters, and Mr. Thabang Makwetla delivered powerful speeches, emphasizing the strategic importance of supporting small businesses as engines of economic growth and job creation. Entrepreneurs who received equipment and support expressed heartfelt gratitude, acknowledging that these resources are critical for scaling their businesses and boosting local economic development.


The success of these events signals a robust commitment to economic transformation in Mpumalanga. By empowering entrepreneurs with the knowledge and tools needed to succeed, these initiatives are paving the way for sustained economic growth, job creation, and improved livelihoods in the region.


– “This financial literacy training is a game-changer for local entrepreneurs. With enhanced financial management skills, they are better positioned to thrive and contribute to the economy.” – Gert Adams, Nedbank

– “Our partnership with local and national agencies exemplifies the power of collaboration in driving economic development. We are proud to support these entrepreneurs on their journey to success.” – Mabutho Khumalo, IEDF SA President.

– “Empowering small businesses is at the heart of our mission. The equipment and support provided today will ignite growth and innovation in our communities.” – Ms. Dipuo Peters, Deputy Minister of DSBD

– “These initiatives reflect our unwavering commitment to creating an enabling environment for small businesses to flourish and drive economic prosperity.” – Mr. Thabang Makwetla, Deputy Minister of Veterans


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About IEDF:

IEDF plays a leading role at being the catalyst for innovation and transformation. We place focus on creating opportunities for Informal Businesses with training & development in leadership roles and create market access for Informal & Corporate businesses alike. We drive transformation to advance business sustainability and resilience, with a focus on building entrepreneurs by assisting the micro and informal business to set up and provide training and education in their areas. We support and work closely with NGO’s & NPO’s to assist in building sustainable communities within our country.